Investors' Soapbox PM

Costco Winning Warehouse-Store Wars

Sterne Agee notes that Costco had the lowest basket price in May.

July 29, 2013

Sterne, Agee & Leach

Similar to our dollar-store pricing study, we also began doing pricing work on the warehouse stores in our group.

For this study, we visited a BJ's Wholesale Club [closely held], Sam's Club [a unit of Wal-Mart Stores (ticker: WMT)] and Costco Wholesale (COST) location in the Northern New Jersey area in May and then again in July. At each retailer, we tracked a basket of 57 identical SKUs...